Solve the Problem $$0102000103200002123120203002101$$ Estimate the Probability That Sales Will Remain Steady

question 151

Multiple Choice

Solve the problem.
-A firm uses trend projection and seasonal factors to simulate sales for a given time period. It assigns "0" if sales fall, "1" if sales are steady, "2" if sales rise moderately, and "3" if sales rise a lot. The simulator generates the
Following output. $$0102000103200002123120203002101$$ Estimate the probability that sales will remain steady.

• A) 0.258
• B) 0.125
• C) 0.412
• D) 0.194

---

Definitions:

Marginal Utility

The increased satisfaction obtained from the consumption of an extra unit of a good or service.

Money Income

The total income received by an individual or household in monetary form from all sources before any taxes.

Schedules

Structured plans or lists detailing when events are supposed to take place, often used for organizing tasks, appointments, or transportation.

Marginal Utility

The additional satisfaction a consumer gains from consuming one more unit of a good or service.